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Portfolio (Quarterly) Guide ↗

Hudson Bay Capital Management LP

· CIK 0001393825
13F Portfolio $30.3B AUM 1,279 positions Filed Feb 13, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 448 New 268 Added 279 Reduced 486 Exited
Page 1 of 14  ·  268 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 TSLA PUT TESLA INC Consumer Cyclical 3,020,000.0 $1.36B 4.48% +825K +37.6% $449.72 -1.4%
2 TSLA TESLA INC Consumer Cyclical 1,812,516.0 $815.1M 2.69% +42K +2.4% $449.72 -1.4%
3 AMD PUT ADVANCED MICRO DEVICES INC Technology 2,750,000.0 $588.9M 1.94% +825K +42.9% $214.16 +98.0%
4 TSLA CALL TESLA INC Consumer Cyclical 1,244,000.0 $559.5M 1.84% +789K +173.7% $449.72 -1.4%
5 AMD ADVANCED MICRO DEVICES INC Technology 2,350,000.0 $503.3M 1.66% +424K +22.0% $214.16 +98.0%
6 PLTR PUT PALANTIR TECHNOLOGIES INC Technology 2,697,500.0 $479.5M 1.58% +2.2M +439.5% $177.75 -24.8%
7 PLTR PALANTIR TECHNOLOGIES INC Technology 2,555,000.0 $454.2M 1.50% +2.3M +811.3% $177.75 -24.8%
8 MSFT MICROSOFT CORP Technology 834,970.0 $403.8M 1.33% +766K +1104.2% $483.62 -15.3%
9 NFLX PUT NETFLIX INC Communication Services 3,850,000.0 $361.0M 1.19% +3.5M +1183.3% $93.76 -7.3%
10 NFLX NETFLIX INC Communication Services 3,750,810.0 $351.7M 1.16% +3.6M +3539.8% $93.76 -7.3%
11 PUT BERKSHIRE HATHAWAY INC DEL 690,000.0 $346.8M 1.14% +6K +0.9% $502.65
12 AAPL APPLE INC Technology 1,191,454.0 $323.9M 1.07% +181K +17.9% $271.86 +10.4%
13 ALIBABA GROUP HLDG LTD 203,500,000.0 $316.5M 1.04% +108.5M +114.2% $1.56
14 GOOGL ALPHABET INC Communication Services 1,002,946.0 $313.9M 1.03% +886K +756.5% $313.00 +28.1%
15 GOOGL PUT ALPHABET INC Communication Services 980,000.0 $306.7M 1.01% +780K +390.0% $313.00 +28.1%
16 BERKSHIRE HATHAWAY INC DEL 605,266.0 $304.2M 1.00% +22K +3.8% $502.65
17 ECHOSTAR CORP 82,554,417.0 $276.5M 0.91% +12.3M +17.6% $3.35
18 PG&E CORP 262,066,000.0 $269.9M 0.89% +56.6M +27.6% $1.03
19 CYBERARK SOFTWARE LTD 519,790.0 $231.9M 0.76% +43K +9.1% $446.06
20 BA PUT BOEING CO Industrials 1,003,000.0 $217.8M 0.72% +516K +105.7% $217.12 +1.6%
Page 1 of 14  ·  268 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 29.4%
Consumer Cyclical 14.2%
Financial Services 10.8%
Communication Services 10.2%
Healthcare 10.0%
Industrials 8.9%
Real Estate 5.7%
Consumer Defensive 4.3%
Utilities 3.3%
Energy 2.2%